Niall Ferguson on Why Bitcoin and China Are Winning the Monetary Revolution

<p><span style="font-weight: 400;">On today’s Long Reads Sunday, NLW reads Niall Ferguson’s latest Op-Ed for Bloomberg: “</span><a href= "https://www.bloomberg.com/opinion/articles/2020-11-29/bitcoin-and-china-are-winning-the-covid-19-monetary-revolution?sref=qUxVp6JU"><span style="font-weight: 400;">Bitcoin Is Winning the COVID-19 Monetary Revolution</span></a><span style= "font-weight: 400;">”</span></p> <p><span style="font-weight: 400;">In it, Ferguson argues that bitcoin’s sovereignty and “built-in scarcity in a virtual world characterized by boundless abundance” are driving its adoption. </span></p> <p><span style="font-weight: 400;">He also argues that rather than adopt a China-style central bank digital currency, incoming President Joe Biden should look to integrate bitcoin into the U.S. economic system.</span></p>